đąđĽ Dubai Launches Tokenized Real Estate on XRPL â Property Ownership Enters the Blockchain Era!
#Dubai just made real estate history â the Dubai Land Department (DLD), in partnership with Ctrl Alt, has launched the regionâs first tokenized real estate platform on the XRP Ledger (#XRPL)!
Key Details:
⢠Backed by VARA, Dubai Future Foundation, and PRYPCO
⢠Property title deeds recorded on-chain via XRPL
⢠Buy fractional real estate shares starting at AED 2,000
⢠Platform: PRYPCO Mint â mint.prypco.com
⢠Ctrl Alt integrated directly with DLDâs system â official records sync with blockchain
Why It Matters:
This move makes Dubai the first in the Middle East to bridge official land records with blockchain-based ownership. Itâs a massive leap in accessibility and innovation â real estate investing is now open to everyone with an Emirates ID.
By 2033, up to AED 60B (~$16B) of Dubaiâs property transactions could be tokenized â about 7% of the market.
Matt Ong, CEO of Ctrl Alt:
âWeâre proud to work with DLD to open up real estate through tokenization. Dubai continues to lead in financial tech innovation.â
This isnât just a pilot â itâs the future of real estate, live now.